In addition to funding and mentoring, HAX provides startups with state-of-the-art facilities including chemical, mechanical, and electrical engineering laboratories, 3D printing capabilities, hand metal fabrication, CNC machining, and laser cutting.
“As part of venture fund SOSV, HAX’s mission is to launch deep tech founders whose technologies promise to reinvent and decarbonize industries on the path to a more sustainable economy. We operate in categories such as energy storage, critical minerals, low-carbon fuels, maritime transportation, carbon capture, advanced manufacturing and computing, as well as advanced therapeutic and diagnostic equipment and assistive robotics. This includes the health sector.” duncan turner, SOSV General Partner and HAX Managing Director. ”newark The city’s rich manufacturing and industrial heritage, coupled with local talent, top universities and easy access to capital, make it an ideal headquarters location for our company. We are thrilled to have a home in this collaborative community and are deeply grateful for the support of our partners around the world. newark and new jersey. ”
After a worldwide search, HAX was selected newark With a rich industrial history, New Jersey Institute of Technology (NJIT) and rutgersand a supportive business and technology environment. newark We also offer a unique combination of affordability and nearby strategic location. new york city, newark international airports and ports newarksecond largest in US.
new jersey governor phil murphy, newark Mayor Ras J. Baraka and Newark Alliance Investment Executives newarkNJEDA, SOSV, HAX, and several startup founders celebrated the official opening of the facility.
“I’ve long challenged the idea that cities lack a suitable workforce. What we lack is proper investment.” newark Mayor Ras J. Baraka. “HAX investment is newark We go beyond being relevant because we recognize that innovation, creativity, collaboration and hard work are etched in our history and in our DNA. With the establishment of HAX, newark It is gaining momentum as a new global hub for manufacturing and technology breakthroughs. We would like to thank HAX and our supporters at Invest Newark and the Newark Alliance for this important partnership, and thank Governor Murphy, the legislators who support us, and the New Jersey Economic Development Authority. ”
”newark Our strategic location and access to major thoroughfares, commerce, and entertainment make it an ideal location for HAX and the many emerging companies based here,” said Invest Newark President and CEO. . Marcus T. Randolph. “We are proud to stand shoulder to shoulder with HAX and key stakeholders in commemorating HAX’s official expansion into the city. newark. ”
President and CEO, Newark Alliance Evan Weiss Added: “newark The city is undergoing a remarkable transformation, and we are confident that HAX’s new headquarters and investments in dozens of startups will strengthen the city’s rapidly growing business environment. Together, we will leverage the existing strengths of our members and work to foster a diverse innovation ecosystem that benefits the greater community. ”
About HAX
HAX, the startup development program of global venture capital firm SOSV, is the world’s first and most active program focused on pre-seed hard-tech startups addressing sustainability across climate, industrial automation, and human health. With a 35,000 square foot flagship facility. newark and office shenzhen, pune and Tokyothe HAX program offers a six-month co-residency, hands-on engineering support, and the following initial investment packages: $250,000. We excel at teaching founders how to leverage the world’s best ecosystem for real product development, manufacturing, and financing. Since 2012, his more than 250 HAX alumni have nearly 2 billion dollars has a cumulative value of more than 8 billion dollars.
About investment newark
Invest newarkThe city’s Economic Development Corporation promotes economic growth by supporting small businesses, improving internet access, and promoting real estate development. These initiatives lead to job creation and wealth creation, improving the overall well-being of people. newark residents. Invest Newark stands out as a leading development institution, characterized by an unwavering dedication to equity and sustainability. Follow us to get the latest news from Invest Newark. XFacebook, Instagram, YouTube, LinkedIn or visit us at InvestNewark.org.
about newark alliance
The Newark Alliance advances inclusive economic growth for all people through the collective strength and cooperation of its members. newark new jersey Our members are: newark Major corporations, anchor institutions, and community partners, including Fortune 100 and 500 companies and some of the nation’s top universities, development companies, hospitals, and arts institutions. United by a common vision, the Alliance and its members are working together to create a strong commitment. newark We have established ourselves as one of America’s most diverse, prosperous, exciting and equitable cities. Visit http://www.newark-alliance.org.
media contact
Amanda Ferraro,Violet PR,2013410178, [email protected]https://www.violetpr.com/
SOURCE Violet PR
